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Abacus Storage King (ASX:ASK) Debt-to-Equity : 0.48 (As of Dec. 2023)


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What is Abacus Storage King Debt-to-Equity?

Abacus Storage King's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.05 Mil. Abacus Storage King's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$965.71 Mil. Abacus Storage King's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,023.92 Mil. Abacus Storage King's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Abacus Storage King's Debt-to-Equity or its related term are showing as below:

ASX:ASK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39   Med: 0.74   Max: 1.03
Current: 0.48

During the past 2 years, the highest Debt-to-Equity Ratio of Abacus Storage King was 1.03. The lowest was 0.39. And the median was 0.74.

ASX:ASK's Debt-to-Equity is ranked better than
75.82% of 674 companies
in the REITs industry
Industry Median: 0.78 vs ASX:ASK: 0.48

Abacus Storage King Debt-to-Equity Historical Data

The historical data trend for Abacus Storage King's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Abacus Storage King Debt-to-Equity Chart

Abacus Storage King Annual Data
Trend Jun21 Jun22
Debt-to-Equity
1.03 1.00

Abacus Storage King Semi-Annual Data
Jun21 Jun22 Dec22 Dec23
Debt-to-Equity 1.03 1.00 0.39 0.48

Competitive Comparison of Abacus Storage King's Debt-to-Equity

For the REIT - Industrial subindustry, Abacus Storage King's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abacus Storage King's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's Debt-to-Equity falls into.


Abacus Storage King Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Abacus Storage King's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(81.109 + 159.236) / 240.51
=1.00

Abacus Storage King's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(1.045 + 965.712) / 2023.916
=0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Abacus Storage King  (ASX:ASK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Abacus Storage King Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Abacus Storage King's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Abacus Storage King (ASX:ASK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Debt-to-Equity
Comparable Companies
ASX:CIP ASX:BWP ASX:DXI PLD PSA EXR LSE:SGRO REXR SGX:A17U EGP CUBE COLD STAG FR SGX:M44U ASX:NSR XBRU:WDP TRNO TSE:3281 SGX:ME8U
Traded in Other Exchanges
N/A
Address
77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Website
https://www.abacusgroup.com.au
Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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